Newmont Goldcorp Safely Starting Up Production at Peñasquito Mine in Mexico
October 22 2019 - 5:01PM
Business Wire
Government commits to assuring ongoing access
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont
Goldcorp or the Company) is safely starting up production at the
Peñasquito mine in Mexico following the lifting of the illegal
blockade on October 8. With the support of the State and Federal
governments, including an ongoing police presence, the Company has
commenced an approximately 10-day process of bringing back the
operation to full production.
“We appreciate the government’s efforts to uphold the law by
assuring ongoing access to and from Peñasquito while continuing to
sponsor the dialogue process, should that continue to be needed,”
said Tom Palmer, President and Chief Executive Officer. “Our focus
is on ensuring a safe start up of operations so our workforce can
return to their jobs in an orderly manner.”
Peñasquito has enhanced water availability for the mine’s 25
neighboring communities through a number of projects including
water treatment plants, new wells, pipelines and water trucks,
along with 90 other infrastructure and community development
projects. This includes installing and operating a Reverse Osmosis
water treatment plant in the Cedros community in 2018 with a
capacity of 600,000 liters of drinking water per day.
Peñasquito directly employs more than 6,500 people while
supporting another 20,000 indirect jobs in the region. Since 2005,
the Company has invested approximately US$5 billion in
Peñasquito.
About Newmont Goldcorp
Newmont Goldcorp is the world’s leading gold company and a
producer of copper, silver, zinc and lead. The Company’s
world-class portfolio of assets, prospects and talent is anchored
in favorable mining jurisdictions in North America, South America,
Australia and Africa. Newmont Goldcorp is the only gold producer
listed in the S&P 500 Index and is widely recognized for its
principled environmental, social and governance practices. The
Company is an industry leader in value creation, supported by
robust safety standards, superior execution and technical
proficiency. Newmont Goldcorp was founded in 1921 and has been
publicly traded since 1925.
Cautionary Statement Regarding Forward-Looking
Statements
Forward-looking statements in this news release may include,
without limitation, statements relating to the ramp-up of
operations, future production and impacts at the Peñasquito mine,
the outcome of future dialogue and resolution of the matter.
Estimates or expectations of future events or results are based
upon certain assumptions, which may prove to be incorrect. Where a
forward-looking statement expresses or implies an expectation or
belief as to future events or results, such expectation is
expressed in good faith and believed to have a reasonable basis.
However, such statements are subject to risks, uncertainties and
other factors, which could cause actual results to differ
materially. Certain factors that could cause actual results or
performance to differ materially from those in the forward-looking
statements include, among others, discrepancies between actual and
estimated production, changes in national and local government
legislation, political developments, regulatory restrictions,
unexpected stakeholder and community developments and other risks.
For a more detailed discussion of risks that might impact future
looking statements, see Newmont Goldcorp’s Annual Report on Form
10-K for the year ended December 31, 2018 as well as Newmont
Goldcorp’s Quarterly Report on Form 10-Q for the quarter ended June
30, 2019 under the heading “Risk Factors” available on the SEC
website or www.newmontgoldcorp.com. Newmont Goldcorp does not
undertake any obligation to release publicly revisions to any
“forward-looking statement,” including, without limitation,
outlook, to reflect events or circumstances after the date of this
press release or to reflect the occurrence of unanticipated events,
except as may be required under applicable securities laws.
Investors should not assume that any lack of update to a previously
issued “forward-looking statement” constitutes a reaffirmation of
that statement. Continued reliance on “forward-looking statements”
is at investors’ own risk.
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version on businesswire.com: https://www.businesswire.com/news/home/20191022006162/en/
Media Contact Omar Jabara,
303.837.5114 omar.jabara@newmont.com Investor
Contact Jessica Largent, 303.837.5484
jessica.largent@newmont.com
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